Climate change poses a financial threat to $28 trillion in investments and more than 90 percent of industries — from restaurants and home builders to cruise lines and casinos — according to the Sustainability Accounting Standards Board.

The group, a San Francisco-based nonprofit that studies how financial accounting and environmental topics relate, said in a report yesterday that 72 of 79 private-sector industries are seriously vulnerable to the economic repercussions of climate change.

"Climate manifests as a risk across the entire economy," SASB Technical Director Andrew Collins said in an interview. "By our analysis, climate is a risk to 93 percent of the U.S. equity market."

The electric power, exploration and production petroleum, mining, airline, chemical and construction industries are particularly exposed to greenhouse gas regulations, while gas companies, renewable energy firms, water utilities and other companies may see negligible harm or even slight benefit, SASB found.